The court put limitations on the SEC's power to recoup illegal profits from wrongdoers.
The rebuff marks the second time the justices have turned away the American Institute for International Steel on Trump’s tariffs.
Chief Justice John Roberts wrote the court’s opinion, joining the liberal justices on key issues.
Conservative Justice Neil Gorsuch and Chief Justice John Roberts joined the court’s four liberals in a 6-3 majority.
The case marked the first time the Supreme Court had been asked to lift a coronavirus shutdown order.
The justices seemed inclined to put limits on the power and to ensure more money goes to harmed investors.
The justices will review a federal appeals court decision that found part of the original 2010 Obamacare law unconstitutional.
The court hears arguments Tuesday on contentions that the SEC can’t use a traditional legal tool known as “disgorgement."
The case centered on a three-year deadline workers have for suing their retirement plans.
Trustee Irving Picard is going after money that was transferred overseas.
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